Financial News: Malaysia PMI Tumbles In April - IHS Marketing

Malaysia PMI Tumbles In April - IHS Marketing

05/03/2020 - 21:10:00 (RTTNews)

(RTTNews) - The Malaysia manufacturing sector continued to contract in April, and at a sharply faster rate because of the Covid-19 pandemic, the latest survey from IHS Marketing revealed on Monday with a record low manufacturing PMI score of 31.3.

That's down from 48.4 in March and it moves significantly further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, the demand for goods was severely impeded by government orders to control movement.

The pandemic caused export orders to fall sharply as other trading partners were also severely affected.